Iconic retail stock trader and investor known as “Roaring Kitty” recently made a post on X for the first time since 2021, sparking excitement among traders that a new meme stock/meme coin trading season could be on the horizon. The post featured a meme about “locking in,” potentially hinting that Roaring Kitty is gearing up to refocus on his trading activities. This news caused GameStop stock to surge by 70% on Monday, reaching around $30. Roaring Kitty was a key figure in championing GameStop prior to its impressive performance in 2021, with his GameStop position reportedly peaking at $50 million during that time. Other popular stocks from the 2021 meme stock frenzy also saw gains, such as AMC Holdings, which was up 45% on Monday.
The resurgence of Roaring Kitty has not only reignited interest in meme stock markets but has also led to increased activity in the crypto meme coin space. Numerous meme coins related to Roaring Kitty, GameStop, and the 2021 meme stock craze have experienced surges. For example, Roaring Kitty (KITTY) was up 21,000% in 24 hours, Wall Street Bets (WSB) up 4,500%, and GamgeStop (GME) up 2,200%, although these meme coins have no official connection to the original entities they reference. Despite lacking real utility or long-term growth prospects, these meme coins are attracting traders seeking the next GME stock.
Among the potential candidates for the next GME stock are popular meme coins like Dogecoin (DOGE), which saw a 9% jump on Monday, reaching near $0.1550 with a market cap of $22.2 billion. The meme coin’s community believes that DOGE could reach $1, resulting in substantial gains for investors. Shiba Inu (SHIB) is another significant meme coin that has a dedicated following, with over 3.8 million followers, making it a prominent player in the meme coin space. An emerging meme coin called Slothana (SLOTH), launched on Solana, has seen impressive growth since its inception, positioning itself as a possible contender for the next GME stock. Another multi-chain meme coin, Dogeverse (DV), is set to launch on multiple blockchains, offering unique cross-chain capabilities and attracting significant attention from investors.
Wiener AI (WAI) is a new meme coin presale that aims to become the next GME stock by offering AI trading capabilities and presenting a potential market leader in the meme coin space. With a presale already raising over $1 million and a market cap under $50 million, investors have the opportunity to earn significant returns if WAI becomes successful. The coin has allocated 20% of its supply to staking rewards, providing investors with a substantial 566% APY. However, it is essential to note that investing in crypto is highly risky, and this article is for informational purposes only, not constituting investment advice. Investors should be cautious and conduct thorough research before making any investment decisions in the crypto space.
